M&A Deal Summary

IK Partners Acquires CONET Technologies

On October 26, 2021, private equity firm IK Partners acquired information technology company CONET Technologies from H.I.G. Private Equity

Acquisition Highlights
  • This is IK Partners’ 6th transaction in the Information Technology sector.
  • This is IK Partners’ 23rd transaction in Germany.

M&A Deal Summary

Date 2021-10-26
Target CONET Technologies
Sector Information Technology
Buyer(s) IK Partners
Sellers(s) H.I.G. Private Equity
Deal Type Secondary Buyout

Target

CONET Technologies

Hennef, Germany
CONET Technologies is an IT consulting, IT systems integration, and software development company that offers a range of services and solutions in software development, SAP consulting, IT infrastructure, and IP-based communications. CONET Technologies was founded in 1987 and is based in Hennef, Germany.

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Buyer(S) 1

Buyer

IK Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1989
PE ASSETS 14.0B EUR
Size Mega
Type Sector Agnostic
DESCRIPTION

IK Partners is a private equity firm that targets control investments in lower middle-market to large-sized companies throughout Europe. IK focuses on growth businesses located in the Benelux region, as well as Denmark, Finland, France, Germany, Norway and Sweden. The Firm looks to commit €10 to €300 million of equity capital per transaction and targets companies with strong cash-flows. IK Investment Partners was formerly known as Industry Kapital. IK Partners was formed in 1989 and is based in London, England.


DEAL STATS #
Overall 152 of 192
Sector: Information Technology M&A 6 of 11
Type: Secondary Buyout M&A Deals 54 of 74
Country: Germany M&A 23 of 28
Year: 2021 M&A 9 of 16
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-10 Visolit

Asker, Norway

Visolit is a technology group with a strong geographic presence and an established partner for cloud services and digital transformation. Visolit has a comprehensive portfolio of cloud-based end-to-end services, as well as consulting, security, and integration services. Visolit was founded in 1997 and is based in Asker, Norway.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Plastiflex

Beringen, Belgium

Plastiflex produces flexible synthetic hoses used in vacuums and swimming pool cleaners, but also increasingly in the medical and industrial sectors. The copper wire-heated hoses have revolutionized the medical landscape, particularly when it comes to ventilation equipment. Plastiflex is based in Beringen, Belgium.

Buy -

Seller(S) 1

SELLER

H.I.G. Private Equity

Miami, Florida, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1993
PE ASSETS 65.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

HIG Private Equity is the private equity arm of HIG Capital. The Firm focuses on management buyouts, growth equity investments, and recapitalizations of mid-sized to large companies valued between $50 million and $1 billion. HIG will also consider industry consolidations, going-privates, and corporate divestitures. Sectors of interest include aerospace, building materials, business services, consumer products, distribution, healthcare, infrastructure, contracting, manufacturing, media, oil & gas services, IT, and transportation. HIG was formed in 1993 is based in Miami, Florida.


DEAL STATS #
Overall 140 of 181
Sector: Information Technology M&A 10 of 15
Type: Secondary Buyout M&A Deals 52 of 75
Country: Germany M&A 6 of 9
Year: 2021 M&A 17 of 20
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-07 Health Network One

Fort Lauderdale, Florida, United States

Health Network One is an operator of specialty medical provider networks across multiple specialties, including Physical, Occupational, and Speech Therapy; Dermatology; Vision and Ophthalmology; Podiatry; Gastroenterology; and Urology. Health Network One was founded in 1999 and is based in Fort Lauderdale, Florida.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-29 Ransa

Miraflores, Peru

Ransa is a third-party logistics (“3PL”) operator in Latin America with operations in the Andean and Central American regions. The Company has an extensive regional footprint with critical mass and network in 8 countries and 34 cities, in which it has over 7,000 workers and operates over 3.5 million square meters of infrastructure. Ransa was founded in 1939 and is based in Miraflores, Peru. ,

Buy -